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They also lease existing space, and they are moving into new markets outside the U.S. The two leading industrial REITs have both been slapped down pretty hard after stints as market darlings but have been expanding their international portfolios and fund- and asset-management businesses.
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As states and cities across the country face grim budgets, more and more are looking to stem their shortfalls by leasing existing assets, such as roads, lotteries or government buildings.
Whether you're leasing existing space or building a new campus, the acquisition and development of facilities is a significant undertaking.
While legal disputes have led the state to place a moratorium on granting new oyster leases, existing ones are often passed down from father to son, thousands of acres staying in a family through generations, whether they produce oysters or not.
Chicago was the first American government entity to lease an existing toll road to private investors.
But the Telecommunications Act required local phone companies to lease their existing infrastructure -- copper wire networks and switching control centers -- to competitors.
Until that building is completed in mid-2009, the college will lease the existing building at 51 Astor Place back from Edward J. Minskoff & Associates.
The stores have been leased in existing spaces ranging from 4,500 to 5,000 square feet.
In the present business climate, that means the company must pitch its appeal more toward leasing out existing holdings than buying or developing new ones.
The planes are being leased from existing partner Air Transport Services Group, Inc. (ATSG), which Amazon had previously tapped back in 2016 for 20 Boeing 767 freighter aircraft.
Friedrich acknowledged that some of the success Brookfield has had leasing its existing buildings was because of MPG's financial travails and that Brookfield will lose that edge when its rival is out of the picture.
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